Spending on nonresidential buildings will see gains of only 2.2% in 2025 and 2.6% in 2026, according to the AIAs latest Consensus Construction Forecast. Despite increasing by 20% in 2023 and 6% in 2024, the AIA expects spending on commercial, industrial, and institutional facilities to slow dramatically in the coming two years.Across key sectors, the AIA expects commercial spending to grow 1.7% this year, with office spending increasing 3.6% and institutional spending increasing 6%. Of all typologies, data centers will see the largest spending increase at 21.9% while warehouses will see the largest decrease with a 2% decline.Extract from the AIA's latest Consensus Construction Forecast. The interactive data is available to view here.The modest outlook is partly based on a few expected headwinds to building activity, including potential tariffs on imports, said AIA Chief Economist Kermit Baker. There is also policy concern around how the construction labor force might be impa...